Climabiz Project

Project acronym: The project’s acronym "climabiz" is a combination of the words «Climate» and «Business», hinting to the business opportunities that derive from climate change.

Project duration: 11 January 2010 – 31 December 2012.

Project areas: Greece, Bulgaria, Romania and Cyprus.

Project code No: LIFE08 ENV/GR/000552

Project funding: The climabiz project is co-funded by the European Union’s “LIFE+ Environment Policy and Governance” funding instrument.

Total project budget: € 1.854.140

EC financial contribution: € 924.445

Aim

«… to trigger the adaptation of the market to the risks and opportunities of climate change ».

Climabiz contributes to the implementation of the EU target for tackling climate change:

«To assure the adaptation of the EU economy and society, nature and biodiversity, water resources and human health to the adverse impacts of climate change (to a potential temperature increase of 2°C resulting from increased greenhouse gas concentrations) and mitigating its impact».

Objectives

Quantify financial impacts and business opportunities that arise from climate change in SE Europe, with special focus on Greece.

Develop mechanisms that will monitor the financial impacts of climate change on Greek companies.

Develop the necessary tools that will determine business opportunities deriving from climate change.